602 7Th St, Rockford, IL

House

For Sale

Listed price in listed location currency (USD).

$299,900

000

MLS® 202605722

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 4411 sqft

Garage

Taxes $2,635

Days Active 1

Lot Size

Approx. Age 1880

Avg. Price Per Sqft $67

MLS® Number 202605722

Property Address: 602 7th St, Rockford, IL, 61104-1304

Average square foot calculated using Size range provided by listing agent.

Description

Income-producing mixed-use opportunity in Rockford’s Midtown District! 602-608 7th Street features two (2) second-floor residential units that are already rented and generating a combined $1, 800/month ($21, 600 annually) in rental income. The main level offers two (2) commercial storefronts currently opened into one larger space and set up for a barbershop. The commercial space is ready for immediate use, giving a new owner the flexibility to operate their own business, lease the space for additional income, or reconfigure it for another concept. With established residential income, annual property taxes of just $2, 635, and significant upside through the first-floor commercial space, this property offers a strong opportunity for an investor or owner-user. Bring your ideas and take advantage of the potential in Midtown Rockford!

MLS® Number202605722

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1880

Basement

Driveway

Garage Spaces

HeatForced Air, Natural Gas

A/CCentral Air, Window Unit

Extras

Map

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